@Jamz83 @denseanddumb @AllJackedUp @ShantP21 @Rucer517 @M_89 @Uncle_Covid @Oliwood @grifmaster @Stock__Twists Reminder Chinese PPI number and ECB #TaperTantrum? seekingalpha.com/news/37377... European stocks fell amid worries over slow global growth, while investors watch ECB meeting due Thursday for hints on tapering plans. On data front, U.S. Labor Department will release today its closely watched Job Openings and Labor Turnover Survey. In bond market, the yield on 10-year Treasuries declined two basis points to 1.35%.
@Jamz83 @denseanddumb @AllJackedUp @ShantP21 @Rucer517 @M_89 @Uncle_Covid @Oliwood @grifmaster @Stock__Twists #Retail BOUGHT THE BAG? OK TIME TO RUGPULL $SPY $QQQ J.P. Morgan analysts believe that record levels of stock buying by retail investors supported U.S. equities to race ahead during the summer months, and has been the "dominant force" powering a relentless rally in the market In the summer months starting from June until August, S&P 500 Futures (SPX) reported a 7.6% gain; YTD, the index is higher by 20%. Net purchases of stocks and ETFs surged to peak levels after posting substantial inflows across the year, as per a measure calculated by the bank to focus on retail activity. Global equity fund inflows exceeded $689B YTD, crossing the earlier annual record set in 2017 "If anything, that retail flow has been accelerating recently. It looks more like a melt-up. The problem with melt-ups is that they don’t continue forever," seekingalpha.com/news/37380...
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